Salaries

Salaries and Payroll Taxes in 2018, Hungary

In 2018 again, Hungarian payroll taxes and salaries have been modified to meet the new conditions of the changing world. Just like last year, the minimum wage has been increased, while the employer’s payroll taxes decreased.

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2018 changes to fringe benefits in Hungary

Offering fringe benefits can make your company a more attractive work place for professionals, while it also helps you cut costs on taxes and contributions. In light of the latest developments, you might want to change the cafeteria plan you offer to your employees.

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Fringe benefits in Hungary – Cafeteria 2018

Apart from salary, employees can receive a “non-salary compensation”. The various fringe benefits or cafeteria elements offer more favorable taxation options than regular salary – this is why many employers decide to offer cafeteria to their employees.

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Hungary on the European job market – Find affordable, quality workforce

Hungary has a special place on the European job market, because thanks to its top-quality universities and relatively low living costs it provides affordable, quality workforce to your new European company.

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Salaries and payroll taxes in 2017, Hungary

2017 has just started, and the new regulation for Hungarian payroll taxes and salaries are in. The government has finalized its decisions, and the most significant changes are the increase of minimum wage and the decrease in the employer’s payroll taxes.

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When do I need to pay overtime to employees?

Employees are entitled to wage supplements when they work overtime, on weekends, at night or on state holidays. As the employer, it is your legal responsibility to determine your employee’s schedules, so you need to take the mandatory wage supplements into account when doing so.

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How do you calculate salary and contributions in Hungary? – Employment in Hungary

The gross salary is what you agree on with your new hire. Employees pay taxes and contributions from that, so in the end they receive only their net salary. Your company also pays contributions, and the sum an employee actually costs you is called super gross salary.

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Things to know before starting a new job – Employment in Hungary

If someone wants to work in Hungary or offer a job to an employee, it is important to be aware of some basic information. If you plan on starting a new job in Hungary, you will find our short guide essential.

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Checklist for hiring an employee – Employment in Hungary

If you run a Hungarian company, sooner or later you will need employees to help you run your business. Finding the right employee is an art in itself, for which you might want to consult an HR specialist. Apart from that, there are some basic things you need to know.

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Work permit in Hungary

In case you want to relocate to Hungary, there are several ways of obtaining a Hungarian resident permit. One is to find a job which requires your full-time presence in Hungary – then you can base your residency application on your employment.

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